Bags and Luggage in Singapore

January 2024 | 21 pages | ID: BACD8B6BCE7EN
Euromonitor International Ltd

Abstracts

Owing to a sharp decline in travel due to the pandemic, retail volume and current value sales of luggage in Singapore fell drastically in 2020, by nearly 50%. This was against the backdrop of more than an 85% decline in the number of outbound departures in Singapore, according to Euromonitor International Travel 2024. This was followed by a continued double-digit decline in value sales of luggage in 2021, even though luggage manufacturers and retailers alike held massive discounting and promotio...

Euromonitor International's Bags and Luggagein Singapore report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data (2019-2023), allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market – be they new product developments, distribution or pricing issues. Forecasts to 2028 illustrate how the market is set to change.

Product coverage: Bags, Luggage.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

• Get a detailed picture of the Bags and Luggage market;
• Pinpoint growth sectors and identify factors driving change;
• Understand the competitive environment, the market’s major players and leading brands;
• Use five-year forecasts to assess how the market is predicted to develop.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

Contents

Bags and Luggage in Singapore
Euromonitor International
January 2024

LIST OF CONTENTS AND TABLES

BAGS AND LUGGAGE IN SINGAPORE
KEY DATA FINDINGS

2023 DEVELOPMENTS

Luggage posts high double-digit growth, with the rebound in travel set to drive further recovery
Crossbody bags gain substantial popularity, especially amongst younger audiences
Samsonite achieves high sales growth, achieving post-pandemic recovery
PROSPECTS AND OPPORTUNITIES
Expansion of fast-growing local brands due to steady and lasting traction amongst young adults and young professionals
Wallet and coin pouches set to continue to enjoy growth despite the increase in digital wallets
Purchase of luxury handbags expected to increase despite inflationary pressures, with non-luxury presenting affordable “dupes”
CATEGORY DATA
Table 1 Sales of Bags and Luggage by Category: Volume 2018-2023
Table 2 Sales of Bags and Luggage by Category: Value 2018-2023
Table 3 Sales of Bags and Luggage by Category: % Volume Growth 2018-2023
Table 4 Sales of Bags and Luggage by Category: % Value Growth 2018-2023
Table 5 Sales of Luggage by Type: % Value 2018-2023
Table 6 NBO Company Shares of Bags and Luggage: % Value 2019-2023
Table 7 LBN Brand Shares of Bags and Luggage: % Value 2020-2023
Table 8 Distribution of Bags and Luggage by Format: % Value 2018-2023
Table 9 Forecast Sales of Bags and Luggage by Category: Volume 2023-2028
Table 10 Forecast Sales of Bags and Luggage by Category: Value 2023-2028
Table 11 Forecast Sales of Bags and Luggage by Category: % Volume Growth 2023-2028
Table 12 Forecast Sales of Bags and Luggage by Category: % Value Growth 2023-2028
PERSONAL ACCESSORIES IN SINGAPORE
EXECUTIVE SUMMARY
Personal accessories in 2023: The big picture

2023 KEY TRENDS

Competitive landscape
Retailing developments
What next for personal accessories?
MARKET DATA
Table 13 Sales of Personal Accessories by Category: Volume 2018-2023
Table 14 Sales of Personal Accessories by Category: Value 2018-2023
Table 15 Sales of Personal Accessories by Category: % Volume Growth 2018-2023
Table 16 Sales of Personal Accessories by Category: % Value Growth 2018-2023
Table 17 NBO Company Shares of Personal Accessories: % Value 2019-2023
Table 18 LBN Brand Shares of Personal Accessories: % Value 2020-2023
Table 19 Distribution of Personal Accessories by Format: % Value 2018-2023
Table 20 Forecast Sales of Personal Accessories by Category: Volume 2023-2028
Table 21 Forecast Sales of Personal Accessories by Category: Value 2023-2028
Table 22 Forecast Sales of Personal Accessories by Category: % Volume Growth 2023-2028
Table 23 Forecast Sales of Personal Accessories by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources